us stock market, stock watch

[Weekend Summary] Dear Member: The major indices each closed up a little for the week and above recent resistance. Things are looking more bullish. The major caveats are that the moves were not accompanied by very strong volume. In addition, as I write this, there has been news that an American ship may have fired on some Iranian boats. Open conflict in the region could certainly change things in the market. Depending upon the accuracy of that report and the seriousness of any international incident, we could see another reversal down. However, if the episode has been blown out of proportion or is not major, it looks like the bull is gaining a small foothold. This was mostly a week to watch for Trend Trader. The market is still determining direction and I am very satisfied with last week's addition of US Shipping Partners LP (USS). The stock closed the week up over 5% from my buy point and has a dividend yield of more than 16% based on my purchase price. Evergreen Income Adv Fd (EAD) just continued on with its upward move. I own this one for the nice regular dividend, but it is always nice to see the price go up as well. Nothing to say about Ceragon (CRNT) that I haven't said before. It is a decent underlying against which to write covered calls since I already own it, but it has been a dog otherwise. Have a great weekend. Bill
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